AGNC Investment Corp. (NASDAQ:AGNC) Shares Sold by Bank of America Corp DE

Bank of America Corp DE trimmed its holdings in shares of AGNC Investment Corp. (NASDAQ:AGNC - Free Report) by 48.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,255,086 shares of the real estate investment trust's stock after selling 4,956,469 shares during the period. Bank of America Corp DE owned about 0.59% of AGNC Investment worth $48,399,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of AGNC. Barclays PLC grew its holdings in AGNC Investment by 4.8% during the third quarter. Barclays PLC now owns 1,552,969 shares of the real estate investment trust's stock worth $16,242,000 after acquiring an additional 71,330 shares during the period. Howard Financial Services LTD. grew its stake in shares of AGNC Investment by 195.2% during the 4th quarter. Howard Financial Services LTD. now owns 53,834 shares of the real estate investment trust's stock worth $496,000 after purchasing an additional 35,598 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of AGNC Investment by 8.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 7,349,657 shares of the real estate investment trust's stock worth $67,690,000 after acquiring an additional 581,352 shares during the last quarter. Farringdon Capital Ltd. acquired a new position in shares of AGNC Investment in the fourth quarter worth $639,000. Finally, Yousif Capital Management LLC lifted its position in shares of AGNC Investment by 4.8% in the fourth quarter. Yousif Capital Management LLC now owns 33,854 shares of the real estate investment trust's stock valued at $312,000 after acquiring an additional 1,551 shares in the last quarter. 38.28% of the stock is owned by hedge funds and other institutional investors.

AGNC Investment Stock Up 1.1%

NASDAQ:AGNC traded up $0.10 during trading hours on Friday, hitting $9.18. The stock had a trading volume of 13,900,888 shares, compared to its average volume of 20,045,043. The company has a market cap of $9.37 billion, a PE ratio of 9.46 and a beta of 1.30. The business has a 50 day simple moving average of $9.14 and a two-hundred day simple moving average of $9.54. AGNC Investment Corp. has a 1-year low of $7.85 and a 1-year high of $10.85. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.01.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last announced its earnings results on Monday, April 21st. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.41 by $0.03. AGNC Investment had a return on equity of 21.92% and a net margin of 29.26%. The business had revenue of $846.00 million for the quarter, compared to analyst estimates of $436.71 million. During the same period in the previous year, the company earned $0.58 earnings per share. Analysts predict that AGNC Investment Corp. will post 1.61 EPS for the current year.

AGNC Investment Announces Dividend

The company also recently declared a may 25 dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 30th will be issued a $0.12 dividend. The ex-dividend date is Friday, May 30th. This represents a dividend yield of 16.2%. AGNC Investment's dividend payout ratio (DPR) is 360.00%.

Analysts Set New Price Targets

AGNC has been the subject of a number of recent research reports. Keefe, Bruyette & Woods dropped their price objective on AGNC Investment from $10.75 to $10.25 and set an "outperform" rating for the company in a research report on Wednesday, January 29th. Wells Fargo & Company lowered their price target on shares of AGNC Investment from $11.00 to $10.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. StockNews.com downgraded shares of AGNC Investment from a "hold" rating to a "sell" rating in a research note on Tuesday, May 6th. JPMorgan Chase & Co. lowered their target price on shares of AGNC Investment from $9.50 to $8.50 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Finally, Argus reissued a "hold" rating on shares of AGNC Investment in a research note on Tuesday, April 29th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, AGNC Investment currently has a consensus rating of "Moderate Buy" and a consensus price target of $9.96.

Insider Activity at AGNC Investment

In other news, EVP Bernice Bell sold 8,000 shares of the stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $8.88, for a total transaction of $71,040.00. Following the sale, the executive vice president now directly owns 374,019 shares in the company, valued at approximately $3,321,288.72. This represents a 2.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Peter J. Federico sold 48,333 shares of the business's stock in a transaction that occurred on Friday, April 25th. The shares were sold at an average price of $8.70, for a total value of $420,497.10. Following the transaction, the chief executive officer now owns 1,691,421 shares of the company's stock, valued at $14,715,362.70. This represents a 2.78% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 139,384 shares of company stock valued at $1,228,039. Corporate insiders own 0.42% of the company's stock.

AGNC Investment Profile

AGNC Investment Corp., formerly American Capital Agency Corp., is a real estate investment trust. The Company invests in agency residential mortgage-backed securities on a leveraged basis. Its investments consist of residential mortgage pass-through securities and collateralized mortgage obligations (CMOs) for which the principal and interest payments are guaranteed by a government-sponsored enterprise, such as the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac), or by the United States Government agency, such as the Government National Mortgage Association (Ginnie Mae) (collectively, GSEs).